The 2019 Retirement Confidence Survey (RCS) finds 82 percent of retirees are confident in their ability to live comfortably throughout retirement, up from 75 percent last year and comparable to highs measured in 2005 and 2017. Furthermore, the percentage of workers who say they are very confident in their ability to live comfortably throughout retirement reached 23 percent, up from last year’s 17 percent and now reflecting levels measured more consistently in the late 1990s and early 2000s, prior [...]

Most Americans believe they’re on track for a comfortable retirement, according to a study from Natixis Investment Managers out Thursday. They feel they’re saving enough to enjoy the life they envision in their golden years. For the most part, however, they’re wrong, says Ed Farrington, executive vice president of U.S. distribution at the asset manager. In truth, not only are most workers not saving enough, but the amount they’ve salted away becomes more worrying as they age. That’s not [...]

Recently, the U.S. Treasury said that it is perfectly okay for companies to swindle employees out of their pension by offering one-time payments worth less than the pension that those employees are giving up. The Department of Labor, nominally responsible for protecting workers in retirement plans, said nothing. This isn’t the first time the government stood by as American businesses shifted risks onto their employees and retirees. Treasury and Labor, whose decisions shape the retirements of millions of people, [...]

No matter who wins the White House in November, the next administration will have to do more to advance retirement security, a number of experts said. Also on their wish lists: Shore up Social Security, boost the economy and better equip the SEC. “The next administration will need to tackle two key issues when it comes to retirement,” said attorney Michael Kreps, a principal with Groom Law Group in Washington and a former Senate pension aide. […]

President Barack Obama will offer a package of ideas to stimulate more workplace access to retirement savings when he unveils his fiscal year 2017 budget on Feb. 9, top administration officials said Monday. “We have to promote new retirement security opportunities and test new models,” National Economic Council Director Jeff Zients said during a press briefing call with Secretary of Labor Thomas Perez. Mr. Zients called the package “an opportunity to update our social contract.” […]

Older women confront many retirement security challenges. For one thing, women live longer than do men, so their money must stretch farther. For another, many average fewer years in the paid workforce and, when they do work, their average pay is often lower. Additionally, they are more likely to work part-time, for a lower salary. These factors all translate into lower retirement accumulations, smaller retirement payouts, and higher poverty rates in old age, as reported in a recent Society of Actuaries 2014 [...]

Millions of Americans are ill-prepared to retire. But a lot depends on where you live. Retirement security is a combination of having enough savings and pension income to cover costs associated with aging, especially medical bills. As older workers continue to postpone retirement, job market conditions also play a critical factor. Those characteristics vary widely across the U.S., which makes retirement security somewhat easier to achieve in some states than others, according to a new analysis from the National [...]

Being prepared for retirement is no longer an after-thought as President Barack Obama boldly claimed at last night’s State of the Union; TIAA-CREF’s new survey adds to this national conversation, noting that one-in-three covered Americans say they place guaranteed income at top of their retirement to-do list, but many are faced with problems that their traditional retirement offerings can’t answer. According to the startling findings, despite the high grouping which afforded guaranteed income as a top priority, approximately 72% [...]

Servicemarks

Lifetime Income Security Account (LISA) is a service mark of CORPaTH. Guaranteed Lifetime Income Account (GLIA) is a servicemark of CORPaTH. CORPaTH is a SAGE Solution: Sustainability Advocacy Governance and Education. CORPaTH is a Joint Labor Management Initiative.